Kazakhstan’s Crypto Gambit: State Launches BNB-Fueled Digital Reserve Fund
Kazakhstan’s bold move into crypto reserves reflects its ambition to become a regional digital finance hub. The Alem Crypto Fund is explicitly designed to accumulate high-grade crypto assets over the long term. By choosing BNB (market cap ~$138 billion) as its first holding, Kazakhstan is not buying Bitcoin or an obscure token, but a leading utility coin at the heart of Binance’s network gov.kz cointelegraph.com. BNB’s functions – from transaction fuel to staking and governance – give the fund both financial upside (fees, staking rewards) and strategic influence in a major crypto ecosystem. As a result, the fund serves as both
